GOLD 0.51% $1,391.7 gold futures

US unemployment and the price of gold, page-4

  1. BMD
    2,433 Posts.
    Yeah,I can't see what direct relevance BLS numbers have to the value of AU,but your days as "a trader" must have had the first Friday of the new month as an RDO.Every BLS Friday is a notorious and clock work regular monthly event for POG (live) to get molested.
    Treat yourself to years of mysterious chart drops and plunges in price the 10 mins (an nanno seconds)prior to and on the announcement.Anything looking supportive or fundamentally strong for gold gets hammered straight back down,usually even more than the spike was allowed to rise.Now when the BS numbers come in POG negative,then same again,only its a free for all slaughter.We routinely find out many times ,revisions prove that the government was just fiddling and guessing,relying on birth/deaths(?) to save their incompetent bacons.So the fact that this number is so unreliable in honesty and so predictable in terms of POG ,might support a discipline that it may be a good day for traders to be playing a round with the lads at the country club,or throwing midgets at dart boards ,or snorting Peruvian marching powder,or what ever the insider kleptos do to keep amused.
    Anyhow,fundamentally a good debate topic,but like most of what comes from the routinely worlds obscurely litigated centre of "free market capitalism", it's just another layer of fiscal FEDcentric bullshite!
    Profits to all.BMD.
 
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